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picture attached above work or explanation shown please if possible
_IIit You are a oollege sophomore who tutors fellow classmates in yourfree time for extra money. With your ourrent abiities. you can earn $3.000 per yearforthe nextthree years from tutoring. Hormever. suppose you have the option ofenhana‘ng your shitty to tutor by acquiring specie! training tor $6.000. After paying the fee. thetaking takes two years to oorrplete, but at the and of this trsiring period, you can earl $16,000 tutoring during the ﬁnd yea. Wtile training in yourfree time. you aremabte to continue tutoring. Atwhat discount rate would you be indilferent between enquiring and not enquiring the training? You woutdbe indilferentifthedisoount rate were D perm. (Enferenunrerierespmsemundedtotwudeoinmtptemsj
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